W. R. Berkley price target raised to $62 from $52 at Barclays

Barclays raised the firm’s price target on W. R. Berkley (WRB) to $62 from $52 and keeps an Underweight rating on the shares as part of a Q1 earnings preview for the insurance group. With life earnings facing challenges Barclays favors group benefits, excess capital, and “cheap” cash flows, the analyst tells investors in a research note. The firm says the sector is “navigating uncertainty.”